Which of the following is not true regarding trade or business expenses under I.R.C. 162? O Education expenses incurred to meet the minimum requirements to enter a trade or business are deductible under I.R.C. 162. O Expenses (other than capital expenditures) incurred in expanding an existing trade or business may be deductible under I.R.C. 162. O Expenses incurred in investigating possible entry into a new trade or business are not deductible under I.R.C. 162. O All of the above are true.

Which of the following is not true regarding trade or business expenses under I.R.C. $162 ? Education expenses incurred to meet the minimum requirements to enter a trade or business are deductible under I.R.C. $162. Expenses (other than capital expenditures) incurred in expanding an existing trade or business may be deductible under I.R.C. $162. Expenses incurred in investigating possible entry into a new trade or business are not deductible under I.R.C. $162 All of the above are true